From Lehman to LEI: Getting Your Entity Data House In Order
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Overview: The LEI may be just the tip of the entity data iceberg, as "value-added" services begin to surface. For example: with SWIFT likely to become the registration authority, the SWIFT SSI Directory has the potential to become a powerful tool for STP, as SSI data is collected from owners and matched to verified, authenticated entity data via the LEI.
Companies that extend the LEI data to provide full legal entity ownership structure hierarchies could also profit from the LEI, as will those that provide tools and services for robust cross-referencing capability with other identifiers and with transactional data.
As with any standards or utility initiative, however, only strong adoption from the user community will ensure its success. Just as eBay has effectively put all other online auction websites out of business due to their enormous user base, the first movers in this space are likely to emerge as the winners.